refers to the age of a person in terms of the number of years, rounded to the nearest whole number, since their last birthday. This is important when calculating financial planning and retirement savings.
When considering one's financial future, it is crucial to understand the concept of age on nearest birthday. This simply refers to a person's age in terms of the number of years passed since their last birthday, rounded to the nearest whole number. This may seem like a minor detail, but it plays a significant role in financial planning and retirement savings. Let's delve into this topic further to gain a better understanding.